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Crude Falls to Four-Week Low on Fed Stimulus Concern

West Texas Intermediate crude fell to a four-week low on concern that the Federal Reserve will cut debt purchases as the economy of the world’s biggest oil-consuming nation strengthens.

Futures dropped 2 percent and global equities declined. The U.S. auctioned $35 billion of five-year notes as the highest yields in 13 months attracted buyers. That was the first offering since Fed Chairman Ben S. Bernanke said last week the central bank could curb the pace of its buying if growth accelerates. OPEC won’t change its output target at a meeting this week, delegates said.